FX:EURGBP   Euro / British Pound
A unified gartley is about to complete on EURGBP , 30M. The swing identification algorithm is prex(12).

Historically, on this pair and this timeframe (30M), the pattern with this swing identification and with these ratios (B-point is 0.692and C-point is 0.676) has a higher probability for a reversal(uptill 0.522XA) rather than for a continuation (same distance in opposite direction). The exact probability numbers are 60.50% for a reversal and 39.50% for a continuation.

My personal approach is to trade this setup as a reversal. Buy order is placed at 0.786XA. Here 1.05XA is the STOPLOSS and 0.522XA is the TARGET.

This is not a trade recommendation for you. Don't trade this pattern if you didn't do the backtest of the strategy. This is simply a demonstration of my approach. Check the related educational ideas below this post to learn more about how I chose the direction of trading.
Comment: C-point exceeded the 0.786AB. This changes the probabilties: 52.44% for a reversal and 47,56% for a continuation.
Order cancelled: price movement started earlier.:)
✅ This pattern was found by MPS-v5.5 pattern recognition software:

✅ The backtest of all patterns was peformed by MPS-v5.5:

✅ Join my free trading channel:


EURGBP bullish temporary and bearish longer
@Johanes, thank you for your comment:)
you are welcome to leave your comment here.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out